by Regitze Ladekarl, FRM | Oct 7, 2024 | Risk Report
My heart and thoughts go out to everyone affected by Hurricane Helene. As the human mind works, this hits extra hard because North Carolina is home to FRG and many friends and colleagues. We are only just beginning to see the extent of the damage, not in the least...
by Jonathan Leonardelli, FRM | Oct 3, 2024 | Model Development
This blog series explores the 10 steps of the Model Development Lifecycle so that you understand the components of model development and maintenance as well as where potential sources of model risk can reside. Read the first post here for an introduction to the series...
by Regitze Ladekarl, FRM | Sep 30, 2024 | Risk Report
As we have mentioned before, the global economy is comprised by more countries than the United States of America and while those other countries are keeping a close eye on what’s going on stateside—either for direction or counterpoint—they are also having their own...
by Jonathan Leonardelli, FRM | Sep 26, 2024 | Model Development
This blog series explores the stages of the Model Development Lifecycle so that you understand the components of model development and maintenance as well as where potential sources of model risk can reside. Read the first post here for an introduction to the series...
by Regitze Ladekarl, FRM | Sep 23, 2024 | Risk Report
The Fed cut its target rates this week. It was long-awaited and bigger than expected, both literally and symbolically. In number terms, the rates were lowered half a percentage point. In meaning terms, the rate cut was a turning point into the rarely visited Soft...
by Jonathan Leonardelli, FRM | Sep 19, 2024 | Model Development
This blog series explores the stages of the Model Development Lifecycle (MDLC) so that you understand the components of model development and maintenance as well as where potential sources of model risk can reside. Read the first post here for an introduction to the...
by Regitze Ladekarl, FRM | Sep 16, 2024 | Risk Report
A good and true apology* is hard to come by. This week, however, Team Regulator gave it a try. We have reported on the US proposals for the Basel III endgame and the G-SIB surcharge many times before so here’s an ultra-short recap: Summer 2023: Team Regulator proposes...
by Regitze Ladekarl, FRM | Sep 9, 2024 | Risk Report
WSJ recently posed the following math problem: If an office building in Springfield has lost 60% of its value over the past 3 years, and it has a dry cleaner named Dylan’s (after the owner’s nephew) on the ground floor, and the third-floor co-working space has an...
by Jonathan Leonardelli, FRM | Sep 5, 2024 | Model Development
Few people know that model development has a lifecycle (MDLC) just like software development. What is the Model Development Lifecycle? The model development lifecycle is a process that any modeler or risk manager should be aware of when models are being created and...
by Regitze Ladekarl, FRM | Sep 3, 2024 | Risk Report
Don’t you just love it when, at the end of a soap opera season, it turns out that the four side-stories are connected, and the manager from the corner store is the long-lost twin* of the heir to the billion-dollar empire, and they will now have to share the fortune...
